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natka813 [3]
3 years ago
14

The point where supply and demand meet and prices are set is called

Social Studies
2 answers:
WINSTONCH [101]3 years ago
8 0

The correct answer is;

The equilibrium point.

In general, for any good, it is at this point that quantity supplied equals quantity demanded at a set price.

Explanation:

Equilibrium is the state in which market equipment and demand balance each other and, as a result, prices become enduring. Generally, when there is excessively much supply for goods or assistance, the price moves down, which results in tremendous demand. The balancing influence of supply and demand appears in a state of equilibrium.

Crank3 years ago
4 0
<span>the equilibrium point. In general, for any good, it is at this point that quantity supplied equals quantity demanded at a set price.</span><span>
</span>
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the population of Chicago is about 3,000,000. how does that compare to the total number of dead and wounded in World War 1? ( in
ivanzaharov [21]
During World War I, 116,516 US soldiers were killed and 204,002 were wounded. If you add those two numbers together, the total number of US soldiers killed or wounded was 320,518.

You can represent that as a fraction of the current population of Chicago like this:

\frac{320,518 soldiers}{3,000,000 Chicagoans}

For simplicity's sake (since I assume the Chicago population number is an estimate), let's round the number of soldiers killed or wounded down to 300,000. That would look like this:

\frac{300,000 soldiers}{3,000,000 Chicagoans}

We can simplify that down a lot by dividing the number of soldiers and the number of Chicagoans by the least common denominator of 300,000. That would give us this fraction:

\frac{1 soldier}{10 Chicagoans}

So for every 1 US soldier killed or wounded in World War I, there are 10 Chicagoans living in the city today.
8 0
2 years ago
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In an American Democracy, how much should public opinion matter in terms of how the country is actually governmed?
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Answer:

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6 0
3 years ago
What is the significance of the Paleolithic era in world history
Nikolay [14]
Significance of the Paleolithic era was that it took up up the majority of our human history about 96% and although not much happened in that time, without the Paleolithic era, there would be no foundation for modern life.
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Which of the following is false regarding legal cases discussed in the text? Ultramares corporation v. Touche established Ultram
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Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.

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3 years ago
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Aliun [14]

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